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self-employed home office expense

Forum|Forum|4 years ago
January 19, 2022
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Self-employed person has a home office and incurs an indirect home repair that is more than $600, but the deductible portion based on the square footage percent is less than $600. Does the self-employed person issue a 1099NEC to the repair person and if yes, report the entire amount or just the amount related to the trade or business. Same question if the business portion is $600 or more - report the full amount or just the portion related to the trade or business?

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Best answer by RobertB4444

If you are issuing a 1099 to a contractor then you would issue it for the full amount that you paid.

If you paid someone less than $600 that you are going to be taking as a deduction then you don't need to issue a 1099 at all.

RobertB4444Answer

If you are issuing a 1099 to a contractor then you would issue it for the full amount that you paid.

If you paid someone less than $600 that you are going to be taking as a deduction then you don't need to issue a 1099 at all.

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